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Crypto DeFi Digest

Crypto DeFi Digest

FIGURE: FARMER PEPE REKT BY DE-PEGGED ALGO STABLES In the last issue of DeFi Digest, we discussed the need for stablecoins to have utility to maintain their pegs, before diving deep into the different kinds of stables. Now that we have a lay of the...

Stablecoins II

Stablecoins I

Figure: Pepe Meditating to Peg the Universe of DeFi Stablecoins FINDING STABILITY FIGURE: MARKET CAPITALIZATION OF PROMINENT STABLECOINSSource: CoinMetrics. io Stablecoins (‘stables’) are cryptocurrencies that aim to peg their prices to another cryptocurrency, fiat money, or commodities. For the stables primer below, we specifically refer to stablecoins pegged to currencies,...

Anchor Protocol Update - Dynamic Earn Rate

Dynamic Earn Rate NFT Genesis Mint 1/69 ANCHOR INTRODUCES UPDATE TO EARN RATE CALCULATION Two issues ago, I wrote about Anchor Protocol, a dynamic savings platform that leverages money market demand and diversified staking rewards to pay out attractive stablecoin yields. Much has developed since - as they say, one...

Solana's NYC Hacker House

FIGURE: WASSIE[1] NOTE TAKING ON DEFI PANEL DAY 2 This week, we bring you a special edition of DeFi Digest, stemming from the investigative journalism on Solana’s NYC Hacker House by Fundstrat’s in-house wassie, yours truly. Out of the week-long event, I attended the DeFi panels across two days, where...

Anchor Protocol - A Look Into The Savings dApp On Its First Birthday

FIGURE: ANCHOR CELEBRATING ITS ONE-YEAR BIRTHDAY Source: TradingView Fellow Yield Farmers, I hope the previous issues of DeFi Digest have laid some foundation in this fast-moving space that is Decentralized Finance. We’ve covered concepts such as money markets, decentralized exchanges, and yield sources/flows, teeing up this week’s analysis of Anchor...

Sources of Yield

Not all yields and farms are created the same. Knowing this, how would one differentiate good yield from the bad? How do you know if the yield farm you are in is bountiful like the former picture below, or if the farm token price prints the latter[1], like the fate...

Decentralized Leverage, Baby

Debt. Arguably one of the most controversial financial terms in modern history. Embroiled in the conversations of 45 million student debt holders, 55% of Americans who carry a month-to-month credit card balance, and the mortgage holders that account for 70% of all American debt. Use too much and risk defaulting,...

A Battle for Liquidity

“Thy who controls the liquidity, controls the DeFi universe.” _- Anonymous DeFi Degen, 2022_ To those familiar with legacy finance, it comes as no surprise that it is a capital-intensive business. Banks rely on deposits to transfer value via withdrawals, remittances, and credit services. Stock brokerages use stocks held by...

Decentralized Finance: A Primer

DEFI OVERVIEW & IRREFUTABLE GROWTH Decentralized Finance (DeFi) is a vertical within the digital asset space that allows users to access financial services without centralized intermediaries. It became the first breakthrough application of smart contracts, having been in development since 20171. Leveraging smart contract functionality on different blockchains, DeFi strives...